Home > Pressrelease > HVDC Converters Market revenue to reach $17 Bn by 2032

HVDC Converters Market revenue to reach $17 Bn by 2032

  • Published Date: April 3, 2023

HVDC Converters Market size is anticipated to cross USD 17 billion by 2032, according to the latest research report by Global Market Insights Inc.

The increasing investment in electric infrastructure will drive the demand for HVDC converter systems. Over recent years, utilities have been planning significant upgrades to electric grids, spending extensively on transmission line modernization and electrification to make a transition to renewable energy. The installation of high-tension power transmission lines has also surged worldwide. These factors, alongside the strong focus on the replacement and refurbishment of the aging grid networks, are set to fuel the usage of these converters to transmit electrical energy.



Authors: Ankit Gupta, Shashank Sisodia

Explore More on Related Topics: